Mandel Group Inc. has closed on $53 million in financing for the third phase of its North End development in Milwaukee, setting up an immediate construction start.

The Milwaukee developer’s six-story building at North Water and East Pleasant streets will have a Fresh Thyme Farmers Market grocery and 168 apartments. The building’s initial occupancy will be in late 2015, according to the developer.

Reporter Sean Ryan covers commercial and residential real estate for the Milwaukee Business Journal and through the Real Estate Roundup blog on the website. He also covers construction, highways and public transit.

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